China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.14 and traded as high as $4.41. China Automotive Systems shares last traded at $4.08, with a volume of 293,354 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised China Automotive Systems from a "hold" rating to a "buy" rating in a research report on Monday, May 19th.
Read Our Latest Research Report on CAAS
China Automotive Systems Price Performance
The business has a 50-day moving average of $4.15 and a 200-day moving average of $4.15. The firm has a market cap of $126.41 million, a price-to-earnings ratio of 4.36 and a beta of 2.51.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The auto parts company reported $0.24 earnings per share for the quarter. China Automotive Systems had a return on equity of 7.33% and a net margin of 4.25%.
Institutional Investors Weigh In On China Automotive Systems
Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of China Automotive Systems by 22.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,586 shares of the auto parts company's stock worth $437,000 after buying an additional 19,484 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of China Automotive Systems by 2.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 280,206 shares of the auto parts company's stock worth $1,149,000 after buying an additional 7,119 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of China Automotive Systems during the fourth quarter worth $86,000. Renaissance Technologies LLC increased its holdings in shares of China Automotive Systems by 4.8% during the fourth quarter. Renaissance Technologies LLC now owns 420,994 shares of the auto parts company's stock worth $1,726,000 after buying an additional 19,100 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of China Automotive Systems by 8.6% during the first quarter. Empowered Funds LLC now owns 156,258 shares of the auto parts company's stock worth $691,000 after buying an additional 12,402 shares in the last quarter. 5.17% of the stock is currently owned by institutional investors.
China Automotive Systems Company Profile
(
Get Free Report)
China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China, the United States, and internationally. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronics and systems and parts.
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